Tour v492
ALK
ALASKA AIR GROUP INC
$52.05 -0.95%
$51.60 (-0.87%)🌙
as of 08/05 06:17 PM
(8/4 18:13) ◀
|
Wednesday, August 5, 2026 (6:17pm)
January 2026
|
▶ (8/6 18:10)
◀ 8/5 18:17 ▶

Option Volume

Detail
ℹ
Current (08/05) 14,494
Calls: 14,112 (97%)
Puts: 382 (3%)
Prior (08/04) 1,930
Calls: 1,294 (67%)
Puts: 636 (33%)
Current vs Prior +650.98%
Calls: +990.57% (Calls)
Puts: -39.94% (Puts)
Prior 7-Day Total 10,713
Calls: 5,605 (52%)
Puts: 5,108 (48%)
Prior 7-Day Average 1,530
Calls: 800 (52%)
Puts: 729 (48%)
Current vs Prior 7-Day Avg +847.05%
Calls: +1662.43%
Puts: -47.65%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/05) $2.70M
Calls: $2.64M (98%)
Puts: $56.4K (2%)
Prior (08/04) $774.4K
Calls: $663.2K (86%)
Puts: $111.3K (14%)
Current vs Prior +248.70%
Calls: +298.70%
Puts: -49.33%
Prior 7-Day Total $3.21M
Calls: $2.27M (71%)
Puts: $939.5K (29%)
Prior 7-Day Average $459.0K
Calls: $324.8K (71%)
Puts: $134.2K (29%)
Current vs Prior 7-Day Avg +488.28%
Calls: +714.00%
Puts: -58.00%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/05) 0.03
Prior (08/04) 0.49
Current vs Prior -94.49%
Prior 7-Day Average 0.99
Current vs Prior 7-Day Avg -97.28%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/05) 49,026
Calls: 39,217 (80%)
Puts: 9,809 (20%)
Prior (08/04) 55,177
Calls: 42,673 (77%)
Puts: 12,504 (23%)
Current vs Prior -11.15%
Prior 7-Day Total 579,699
Calls: 404,495 (70%)
Puts: 175,204 (30%)
Prior 7-Day Average 82,814
Calls: 57,785 (70%)
Puts: 25,029 (30%)
Current vs Prior 7-Day Avg -40.80%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)
Current 11.62% | 17.20%
Prior 12.37% | 17.98%
Current vs Prior -6.03% | -4.38%
Prior 7-Day Avg 11.67% | 16.95%
Current vs 7-Day Avg -0.42% | +1.42%
Prior 7-Day Eod 12.37% | 17.98%
Current vs 7-Day Eod -6.03% | -4.38%
Sentiment BULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 5.46% | 8.18%
Calls: 7.41% | 5.83%
Puts: 3.51% | 10.53%
Prior 5.46% | 8.18%
Calls: 7.41% | 5.83%
Puts: 3.51% | 10.53%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 5.46% | 8.18%
Calls: 7.41% | 5.83%
Puts: 3.51% | 10.53%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Pricy
+
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🤖 AI Insights

Strong bullish conviction with 98% of dollar volume in calls ($2.64M) vs puts ($56.4K). Massive premium surge with dollar volume up 249% vs prior. Dollar volume significantly above 7-day average (488% higher). Unusually high activity with volume up 651% vs prior - elevated interest.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 2 of results (avg 9.2%, best 9.0%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Sep 182.652.90$2.789.0%6.1K0.435.9K
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Sep 182.552.80$2.689.3%1060.37261

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 7 found (avg delta 0.72, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$42.50Aug 219.1011.30$10.2021.6%10.9466
$45.00Aug 217.208.10$7.6511.8%220.93206
$47.50Aug 215.105.90$5.5014.5%2060.82779
$50.00Aug 213.303.90$3.6016.7%40.67--
$50.00Sep 184.805.40$5.1011.8%10.646.3K
PUTS (0)
No puts meet the criteria

Most actively traded options today. High liquidity = easy entry/exit. 22 active (total vol 10.8K, top 6.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$55.00Sep 182.652.90$2.789.0%6.1K0.435.9K
$60.00Aug 210.150.45$0.30100.0%3.1K0.113.1K
$60.00Sep 181.251.40$1.3311.3%1.0K0.26--
$47.50Aug 215.105.90$5.5014.5%2060.82779
$52.50Aug 211.902.65$2.2832.9%310.511.0K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$50.00Sep 182.552.80$2.689.3%1060.37261
$45.00Sep 181.001.30$1.1526.1%770.19935
$47.50Sep 181.651.90$1.7814.0%230.27851
$45.00Aug 210.050.35$0.20150.0%190.082.2K
$42.50Aug 210.100.30$0.20100.0%180.06731

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 6 strikes (avg 5.8%, max 10.8%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$50.00Aug 21Sep 1856.5%52.6%7.5%56.3K
$52.50Aug 21Sep 1855.1%51.8%6.3%392.3K
$57.50Aug 21Sep 1853.9%53.8%0.2%19618
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.50Aug 21Sep 1866.7%60.2%10.8%19731
$50.00Aug 21Sep 1856.5%52.6%7.5%115379
$47.50Aug 21Sep 1854.9%53.6%2.4%321.0K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 14 found (best R:R 6.81, avg 2.74)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$57.50$60.00Aug 21$0.38$2.12$0.385.58$57.88
$55.00$57.50Aug 21$0.55$1.95$0.553.55$55.55
$57.50$60.00Sep 18$0.67$1.83$0.672.73$58.17
$55.00$57.50Sep 18$0.78$1.72$0.782.21$55.78
$52.50$55.00Aug 21$1.05$1.45$1.051.38$53.55
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$45.00$42.50Sep 18$0.32$2.18$0.326.81$44.68
$47.50$45.00Aug 21$0.45$2.05$0.454.56$47.05
$47.50$45.00Sep 18$0.63$1.87$0.632.97$46.87
$50.00$47.50Aug 21$0.80$1.70$0.802.13$49.20
$50.00$47.50Sep 18$0.90$1.60$0.901.78$49.10

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 16 found (best R:R 6.14, avg 1.04)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$45.00$47.50Aug 21$2.15$2.15$0.356.14$47.15
$47.50$50.00Aug 21$1.90$1.90$0.603.17$49.40
$50.00$52.50Aug 21$1.32$1.32$1.181.12$51.32
$50.00$52.50Sep 18$1.20$1.20$1.300.92$51.20
$52.50$55.00Sep 18$1.12$1.12$1.380.81$53.62
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.50$50.00Aug 21$1.00$1.00$1.500.67$51.50
$50.00$47.50Sep 18$0.90$0.90$1.600.56$49.10
$50.00$47.50Aug 21$0.80$0.80$1.700.47$49.20
$47.50$45.00Sep 18$0.63$0.63$1.870.34$46.87
$47.50$45.00Aug 21$0.45$0.45$2.050.22$47.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $1.22, cheapest $0.63)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$60.00Aug 21Sep 18$1.0352.4%52.4%
$57.50Aug 21Sep 18$1.3253.9%53.8%
$50.00Aug 21Sep 18$1.5056.5%52.6%
$55.00Aug 21Sep 18$1.5552.7%53.6%
$52.50Aug 21Sep 18$1.6255.1%51.8%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.50Aug 21Sep 18$0.6366.7%60.2%
$45.00Aug 21Sep 18$0.9551.7%55.4%
$47.50Aug 21Sep 18$1.1354.9%53.6%
$50.00Aug 21Sep 18$1.2356.5%52.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 6 found (cheapest 9.09% of stock, avg 13.44%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$52.50Aug 21$2.28$2.45$4.73$47.77$57.239.09%
$50.00Aug 21$3.60$1.45$5.05$44.95$55.059.70%
$47.50Aug 21$5.50$0.65$6.15$41.35$53.6511.82%
$50.00Sep 18$5.10$2.68$7.78$42.22$57.7814.95%
$45.00Aug 21$7.65$0.20$7.85$37.15$52.8515.08%
$42.50Aug 21$10.20$0.20$10.40$32.10$52.9019.98%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 27 found (cheapest 0.96% of stock, avg 4.96%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$60.00$45.00Aug 21$0.30$0.20$0.50$44.50$60.50
$60.00$42.50Aug 21$0.30$0.20$0.50$42.00$60.50
$57.50$45.00Aug 21$0.68$0.20$0.88$44.12$58.38
$57.50$42.50Aug 21$0.68$0.20$0.88$41.62$58.38
$60.00$47.50Aug 21$0.30$0.65$0.95$46.55$60.95
$57.50$47.50Aug 21$0.68$0.65$1.33$46.17$58.83
$55.00$45.00Aug 21$1.23$0.20$1.43$43.57$56.43
$55.00$42.50Aug 21$1.23$0.20$1.43$41.07$56.43
$60.00$50.00Aug 21$0.30$1.45$1.75$48.25$61.75
$55.00$47.50Aug 21$1.23$0.65$1.88$45.62$56.88

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 20 found (best R:R 4.21, avg credit $1.45)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
48/5052/55Sep 18$2.02$0.484.21$47.98$54.52
48/5052/55Aug 21$1.85$0.652.85$48.15$54.35
45/4850/52Sep 18$1.83$0.672.73$45.67$51.83
45/4850/52Aug 21$1.77$0.732.42$45.73$51.77
45/4852/55Sep 18$1.75$0.752.33$45.75$54.25
48/5055/58Sep 18$1.68$0.822.05$48.32$56.68
48/5058/60Sep 18$1.57$0.931.69$48.43$59.07
50/5255/58Aug 21$1.55$0.951.63$50.95$56.55
42/4550/52Sep 18$1.52$0.981.55$43.48$51.52
45/4852/55Aug 21$1.50$1.001.50$46.00$54.00

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 14 found (best R:R 30.25, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$50.00$52.50$55.00Sep 18$0.08$2.4230.25
$55.00$57.50$60.00Sep 18$0.11$2.3921.73
$55.00$57.50$60.00Aug 21$0.17$2.3313.71
$45.00$47.50$50.00Aug 21$0.25$2.259.00
$50.00$52.50$55.00Aug 21$0.27$2.238.26
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$47.50$50.00$52.50Aug 21$0.20$2.3011.50
$45.00$47.50$50.00Sep 18$0.27$2.238.26
$42.50$45.00$47.50Sep 18$0.31$2.197.06
$45.00$47.50$50.00Aug 21$0.35$2.156.14
$42.50$45.00$47.50Aug 21$0.45$2.054.56

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 15 found (best net $-0.13, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$55.00$57.501:2Aug 21-$0.13$2.37
$52.50$55.001:2Aug 21-$0.18$2.32
$57.50$60.001:2Sep 18-$0.66$1.84
$50.00$52.501:2Aug 21-$0.96$1.54
$55.00$57.501:2Sep 18-$1.22$1.28
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$42.501:2Aug 21-$0.20$2.30
$52.50$50.001:2Aug 21-$0.45$2.05
$45.00$42.501:2Sep 18-$0.51$1.99
$47.50$45.001:2Sep 18-$0.52$1.98
$50.00$47.501:2Sep 18-$0.88$1.62

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 6.72%, avg 2.99%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$52.50Sep 18$3.500.530.9%6.72%7.59%81.3K
$55.00Sep 18$2.650.435.7%5.09%10.76%6.1K5.9K
$52.50Aug 21$1.900.510.9%3.65%4.51%311.0K
$57.50Sep 18$1.750.3410.5%3.36%13.83%5271
$60.00Sep 18$1.250.2615.3%2.40%17.68%1.0K--
$55.00Aug 21$0.900.345.7%1.73%7.40%151.5K
$57.50Aug 21$0.350.2110.5%0.67%11.14%14347
$60.00Aug 21$0.150.1115.3%0.29%15.56%3.1K3.1K

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 14,112
Total Puts 382
Put/Call Ratio 0.03
Net Difference 13,730

Prior's Put/Call Breakdown

Total Calls 1,294
Total Puts 636
Put/Call Ratio 0.49
Net Difference 658

Prior 7-Day Put/Call Summary

Total Calls 5,605
Total Puts 5,108
Average Put/Call Ratio 0.99
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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